NO. 6


Financial and Banking News

Regional Banking

UBAF Agrees Capital Increase but Some Shareholders Will not Be Able to Pay

Shareholders of Paris-based Union de Banques Arabes et Francaises (UBAF)agreed on 8 November to increase the bank's capital by $100mn (FF525mn at thetime the decision was taken) to $280mn (MEES, 15 October). The increase will bedivided according to the current Arab to non-Arab shareholding ratio of 60:40,and will be paid in by the end of the year....